Retirement plan

EVANS ROOFING COMPANY, INC. PROFIT SHARING 401K PLAN

Name: EVANS ROOFING COMPANY, INC. - EVANS ROOFING COMPANY, INC. PROFIT SHARING 401K PLAN (2023) Form 5500
Creator: EVANS ROOFING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EVANS ROOFING COMPANY, INC. PROFIT SHARING 401K PLAN, EVANS ROOFING COMPANY, INC.

EVANS ROOFING COMPANY, INC.EIN 58-2274154Plan #001PY 2023

1421 COLLEGE AVENUE - ELMIRA, NY 14901607-734-8838evansroofingcompany.comLinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.8M

-2.7% from 2022

Total participants

203

+6.8% from 2022

Average account balance

$46,658

-8.4% from 2022

Annual return

14.24%

+29.06 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.15M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$55K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

186

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$830K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$360

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
CHEMUNG CANAL TRUST COMPANY9+ years Service code 13 · EIN 16-0380815	Contract Administrator	$37,648

Plan features & details

Pension benefit codes2E2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$38K

$306 / participant

Trustee / custodial$34K91.0%
Contract admin$3K9.0%

% of EOY assets

0.427%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EFPR GROUP, CPAS, PLLC
Auditor EIN: 474526160
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,658

$76,696-39.2%

$96,515-51.7%

$71,511-34.8%

Participation rate

88.6%

66.6%+22.1pp

74.3%+14.3pp

67.9%+20.7pp

Annual return

14.24%

48.32%-34.1pp

35.73%-21.5pp

28.86%-14.6pp

Employer contribution / active EE

$1,585

$3,032-47.7%

$3,740-57.6%

$2,589-38.8%

Participant deferral / active EE

$3,721

$3,770-1.3%

$4,880-23.7%

$4,291-13.3%

Admin fee / account holder

$199

$2,030-90.2%

$6,735-97.0%

$1,588-87.5%

Provider

Service type

Compensation

CHEMUNG CANAL TRUST COMPANY9+ years

Service code 13 · EIN 16-0380815

Contract Administrator

$37,648

EVANS ROOFING COMPANY, INC. PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EVANS ROOFING COMPANY, INC. PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion